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EuropeanSyngasMarkettoReach€31864.3Millionby2031with10.5%CAGR

Geneva,Switzerland—January10,2025

EuropeanSyngasMarket

AccordingtoarecentQYResearchreport,AirLiquidehasmadesignificantstridesinadvancingitssustainableenergyinitiativesinEurope.OnDecember10,2024,thecompanyannouncedithadsecureda€110milliongrantfromtheEuropeanInnovationFundforitsENHANCEprojectinthePortofAntwerp-Bruges,Belgium.Thisgroundbreakinginitiativeaimstoproduceanddistributelow-carbonandrenewablehydrogenderivedfromammonia,reinforcingEurope'stransitiontoasustainablehydrogensupplychain.TheprojecthighlightsAirLiquide'scommitmenttoinnovationanditspivotalroleinsupportingtheEuropeanUnion'sdecarbonizationgoals.

Meanwhile,QYResearchindicatesthatLindeplccontinuestobenefitfromsurgingdemandforcleanenergysolutions,particularlyhydrogenproduction,asindustriesseektodecarbonize.AsofOctober2024,Lindereporteda$300millionincreaseinitsprojectbacklog,bringingthetotalto$8.1billion.Thisgrowthreflectsthecompany'srobustpipelineofcleanenergyprojectsanditsleadershipintheEuropeansyngasmarket.Linde'sstrategicinvestmentsandtechnologicaladvancementspositionitasakeyplayerinsupportingindustriestransitioningtosustainableenergysources.

TheEuropeanmarketforSyngaswasestimatedtobeworth€15840.5millionin2024andisforecasttoareadjustedsizeof€31864.3millionby2031withaCAGRof10.5%duringtheforecastperiod2025-2031.

EuropeanSyngasMarketSize(€Million),2025-2031

EuropeanSyngasTop20PlayersRankingandMarketShare(Rankingisbasedontherevenueof2024,continuallyupdated)

·AirProductsandChemicals,Inc.(UnitedStates)

·Lindeplc(UnitedKingdom)

·AirLiquide(France)

·TechnipEnergiesNV(France)

·MaireTecnimontSpA(Italy)

·BASFSE(Germany)

·RoyalDutchShellplc(Netherlands)

·Sasol(SouthAfrica)

·KBRInc.(UnitedStates)

·HaldorTopsoeA/S(Denmark)

·MitsubishiHeavyIndustries(Japan)

·GEPower(GeneralElectric)(UnitedStates)

·SiemensEnergy(Germany)

·JohnsonMatthey(UnitedKingdom)

·TheDowChemicalCompany(UnitedStates)

·EastmanChemicalCompany(UnitedStates)

·Clariant(Switzerland)

·LummusTechnology(UnitedStates)

·ChemtexGlobalCorporation(UnitedStates)

·HoneywellUOP(UnitedStates)

3.Syngas,EuropeanMarketSize,SplitbyRegion

Syngas,EuropeanMarketSize,SplitbyProductSegment

5.Syngas,EuropeanMarketSize,SplitbyApplicationSegment

BasedonorincludesresearchfromQYResearch:GlobalandEuropeanSyngasMarketReport2025-2031

RelatedMarketReportsFromQYResearch

QYResearchReleasesComprehensiveMarketReportsontheSyngasMarket,asshowninthelinksbelow.Thesereportsprovideanin-depthanalysisofthecurrentmarketlandscape,keytrends,andfuturegrowthopportunities.

Syngas-GlobalMarketSha